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76 comments on Drumbeat: March 21, 2009

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mcgowanmc on March 21, 2009 - 11:01am Permalink | Subthread | Parent | Comments top

"Theoretically, there should never be a need for the public or politicians to complain about excessive employee compensation at a business-upper management would control expenses (including payroll) as they manage the business-this is not happening and not just at AIG."

So the US owns these businesses in all but name.

If the US formally states ownership, all toxic (fraud)
assets (horse race tickets) would be immmediately priced to market.

That would be $1.5 trillion for AIG alone.

The fraud here is AIG replaced "insurance" with "swap"
purposefully negating regulation and having only $100
million to back them.

I think arresting Cheney would buy us 6 more months.

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reeves on March 22, 2009 - 3:58am Permalink | Subthread | Parent | Comments top

Mac, many governments will not allow a foreign corporation to operate inside it's soverignty if the foreign corporation is more than 79.9% owned by a foreign government.

That is one reason that the US Gov does not totally own some corporations that it has taken a large ownership in. As you pointed out there are other reasons.

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76 comments on Drumbeat: March 21, 2009

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